OpenLegislation

Section 206 Publication of information and advice.C4C1

United Kingdom

C2(1)

The Secretary of State may publish information or give advice, or arrange for the publication of information or the giving of advice, in such form and manner as he considers appropriate with respect to—

(a)

the operation of this Act and the F1statements of principle, rules, regulations and codes of practice issued or made under it, including in particular the rights of investors, the duties of authorised persons and the steps to be taken for enforcing those rights or complying with those duties;

C3(b)

any matters relating to the functions of the Secretary of State under this Act or any such F2statements of principle, rules, regulations or codes of practice;

F3(bb)

the operation of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996 F4or the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997 and any regulations made by virtue of regulation 6 of either of those Regulations;

(bc)

any matters relating to the functions to which regulation 73 F5of eitherof those Regulations relates;

(c)

any other matters about which it appears to him to be desirable to publish information or give advice for the protection of investors or any class of investors.

(2)

The Secretary of State may offer for sale copies of information published under this section and may, if he thinks fit, make a reasonable charge for advice given under this section at any person’s request.

(3)

This section shall not be construed as authorising the disclosure of restricted information within the meaning of section 179 above in any case in which it could not be disclosed apart from the provisions of this section.

(4)

The functions to which section 114 above applies shall include the functions of the Secretary of State under this section.

Annotations

Textual amendments

F1

Words substituted by Companies Act 1989 (c. 40, SIF 27), s. 206(1), Sch. 23 para. 19(a)

F2

Words substituted by Companies Act 1989 (c. 40, SIF 27), s. 206(1), Sch. 23 para. 19(b)

F3

S. 206(1)(bb)(bc) inserted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 21.

F4

Words in s. 206(1)(bb) inserted (7.7.1997) by S.R. 1997/251, reg. 75, Sch. 8 para. 13(a)

F5

Words in s. 206(1)(bc) inserted (7.7.1997) by S.R. 1997/251, reg. 75, Sch. 8 para. 13(b)

Modifications

C1

S. 206 extended (1.1.1996) by S.I. 1995/3275, reg. 32, Sch. 7 para. 40

C2

S. 206(1) amended (1.1.1993) by S.I. 1992/3218, reg. 55, Sch. 9 para. 43.

C3

S. 206(1)(b) amended by S.I. 1987/942, art. 11

C4

S. 206: certain functions transferred by S.I. 1987/942, art. 8 and S.I. 1990/354, art. 4(5)

Notes on the whole Act

Textual amendments

F1

Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)